The Gem & Jewellery Export Promotion Council (GJEPC) was established by the Ministry of Commerce, Government of India (GoI) in 1966. It was one of various Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets. Since 1998, the GJEPC has been given autonomous status.
The GJEPC is the nodal body of the gems & jewelry industry and today it represents almost 6,000 exporters in the sector. With headquarters in Mumbai, the GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat, and Jaipur, all of which are primary centers for the industry. It thus has a wide reach and is able to have a closer interaction with members to help them in a direct and more meaningful manner.
Over the past decades, the GJEPC has emerged as one of the most active EPCs and has constantly strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.
As its name suggests, the major goal with which the GJEPC was set up was to promote the Indian g & j industry and its products.
- Several promotional activities undertaken by the GJEPC, over the years, have significantly and positively impacted the growth of exports of gems and jewelry from India. Overall exports have risen from US$ 28 million in 1966 -67 when GJEPC was first set up to almost US$ 35 billion in 2013-2014.
- The GJEPC’s promotional activities cover organizing a number of important trade shows held in the country like the India International Jewellery Show (IIJS), Signature IIJS, India Gem & Jewellery Machinery Expo (IGJME). The IIJS is the biggest gems & jewelry fair in the country and amongst the foremost internationally. It attracts visitors and buyers from all across the country and from various countries in the world. Signature IIJS, a smaller-scale version of the IIJS was established as a boutique show and has gone on to develop its own niche. IGJME, a more recent addition to the bouquet of shows, filled in a necessary gap – a trade fair totally devoted to technology – thereby enabling companies of this large manufacturing center to access the cutting edge developments in the area in a convenient manner.
- On the international front, the Global Gem & Jewellery Fair (GGJF) was conducted in Dubai in association with DMCC. The GJEPC also organizes India Pavilions – participation of a number of companies under the GJEPC banner – at various leading international shows like JCK Las Vegas, Basel, Vicenzaoro, the Hong Kong Show and various others worldwide.
- The GJEPC, on occasion, ties up with other government bodies for special initiatives. The India Gems & Jewellery Fair, for example, was conducted in New Delhi in 2013 as a joint venture with the India Trade Promotion Organisation (ITPO). The Council has tied up in the past with the Ministry of Tourism for jewelry encouragement on international platforms, too.
- The India International Jewellery Week is a jewelry fashion extravaganza highlighting the design capabilities of the jewelry industry, attracting both fashion enthusiasts and buyers from India and foreign.
- Several region-specific Buyer-Seller Meets; delegations to important gems and jewelry centers in other parts of the world, are some of the other trade promotion activities undertaken by the Council.
- The Mines to Market conferences both for the diamond industry as well as for the colored gemstone industry have served as significant platforms of interaction among the main stakeholders in both areas.
- All these are fora with the help of which the abilities and capabilities of the India center have been showcased effectively and prominently.
- The Council produces a spectrum of published and digital material both as part of its several activities (mentioned above) as well as standalone publications.
- In the global gems and jewelry industry, India covers unique.
- Be it in terms of sheer size or the wide range of skills and products, there is no other center that comes anywhere close to what the country that gave the world its first diamonds many centuries ago has to offer today.
- Gem & jewelry exports from the India center had US$ 34.75 billion in FY 2013-14 with polished diamonds accounting for US$ 19.64 billion, gold jewelry for US$ 7.87 billion and gold medallions and coins for US$ 3.18 billion. This impressive export performance is constructed on a stable, well-developed and technologically-advanced manufacturing base.
Commitment to Quality
While the industry’s fast strides in the business domain are relatively well known, the keen attention to ethical and socially responsible business practices has remained a relatively lesser known facet. All in manufacturer-exporters have invested in establishing better aid for workers and integrating best business practices into their functioning. India was a founder member of the Kimberley Process Certification Scheme to void conflict diamonds from entering the system, and participates in and supports all global initiatives to strengthen ethical, sustainable and responsible business practices.
Indian companies and trade bodies have also been highly involved in charitable and philanthropic activities over the last many decades through trusts set up for the purpose. The spectrum covers education, health, women’s welfare, protection of the environment, relief activities to victims of disasters and a host of other initiatives designed to improvise the lives of people.
Today, India is poised to advance from being the biggest manufacturing center for diamonds to a leading international trading hub.
India is truly a whole center, the ultimate source for all products in today’s world and a beacon for the global gems and jewelry industry.